US 30 OR DOW JONES INDEX PlayoutThe Index itself is almost 6.1% or 2200 pips down so far. After looking at the weak Economic Data Index kept tumbling and saw no bounce so far. It will be interesting to see how the US Index behaves in a weak global market now. I have marked two paths that can play out a possible scenario in matching along with the waves. However, the overall bias remains BEARISH until it reaches my 1st POI. My first and second POI and a strong base are quite necessary for us to consider before initiating aggressive longs.
#dowjones #usa #trading #signals #bearish
US30 trade ideas
US30 SHORTUS30 is overall bearish .
we can plan a sell side trade after the 4hr break of support zone.
then look for bearish price action to sell targeting the next support zone.
dow JonesI just didnt see what the Historical charts were showing Me in this DOWNTREND. I have very very clearly marked out what I caught last night on the DJIA. I think WORLD MARKETS are ALMOST READY/SETUP for the LONGEST WAVE IN BULL MARKET HISTORY. It only requires a Little patience a keen Eye and some Effort.
Indian Market sideways amid global cuesUS TVC:DJI equities extended last week's sell-off on Tuesday after the recent data on consumer confidence and home sales showed the US economy may be finally coming under stress.
Federal Reserve continues to affirm its commitment that interest rates will remain elevated for an extended period to manage inflationary pressures maintained hawkish stand and signaled another rate hike of 0.25Bps.
Should Indian NSE:NIFTY market be worried?
Comparing to the US markets Indian markets are fairly valued however, few concerns are hovering around in form of
1. Crude oil is expected to trade at 92.83 USD/BBL and estimated to be at 102 by the end of this year. This silent killer is tethering a potential increase in prices could result in skewed margins in the coming quarter
2. The Indian rupee depreciated past 83.3 per USD in September, renewing its record low amid fresh pressure from a strong DXY, hawkish outlook for the RBI pressured G-Sec prices in the secondary market and rupee-denominated debt assets, intensifying foreign selling from India.
3. India posted a merchandise trade deficit of USD 24.2 billion in August 2023, the largest gap in ten months
Setting aside the above risk, the India's GDP growth rate forecast estimate is still much stronger at 6% that favors the domestic market over the global peer.
According to my technical forecast, i expect market may try to find bottoms near 19000-18900 levels where the market will find itself oversold.
DOWJONES - buy fear sell greedDOWJONES is trading at very good multiple support zone of 33600-33650, start accumulating at this levels to get most out of it.
Buy F.E.A.R dowjones heavyweights & hold with stoploss closing below 33600
DOW JonesDOW Jones
Now coming near Support zones.
We may see some bounce from 33850-33700 zones.
Keep an eye
Trendline break DJIA has broken a trendline on daily timeframe, heading towards a crucial swing support zone of 33646 zone.
US30 SHORTUS30 has recently broker a daily support zone. now we can plan short side trades after retracement or when it breaks the low of current daily candle.
DoW: DJIA: breakdown DJIA
Breakdown of head shoulders on daily charts. Any uptick towards the neckline is a sell. Expecyleveks of 32200 / 32500
US 30 UPDATELittle late to post this but still DOW has potential to recover from its recent fall.
I am expecting a bullish scenario ( FOMC news coming ) trade safe .
Dow JonesMost of the indexes worldwide behave in similar manner most of the time.
Price is trending in an upward channel and now it is at support.
34520 - 34600 is a crucial zone in deciding the direction.
If price took support, then we can expect it to move towards 34680, 34760 and 34820.
If price gains bearish strength, then it will fall towards 34460 and 34360.
Price will pick the direction and the trader will follow it. What type of trader are you?
Give a like if you like Dow Jones.
Dow JonesEnclosed is the DJIA hourly chart which will be responsible for the UPMOVES hereon. I have also explained to anyone who MAY want to understand the concept of "" RETRACEMENTS"".... They are calculated in PRIMARY.... SECONDRY and MAJOR waves and will differ from every time frame.
US30 LONGwait for us30 1 hr close above 34690.
then we can plan a long trade based on double bottom and overall up trend.
Dow Head and shoulders in makingHead and shoulders in making, a break below the necline can bring in some correction,
Just chart, charts speak
US 30Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Will this pattern complete2nd rejection from the falling trend line.
The pattern normally completes, in such a case, and price tests the lower trend line.
Let's see how this develops.
Daily close Stop loss 31633 with a target of 38402BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
American market (DJI) seems too complicated. DJI will whether touch 3500 or 3400 soon.
It's forming too complicated in both (W) and (D) timeframe.
US oil reserves seems low, more chances to hit by BEAR gang.
Chart 📈 is for Educational purposes only.
Dow Jones Trade set up1. Trend - Bullish
2. Trend Reversal - Probable Double Bottom
3. Early Entry - Before break of neck line
4. TSL can be Aggressive SL for aggressive traders else 34029 level would be a proper room to cover up the volatility
Dow JonesI gave you all these figures roughly 4-6 months ago... I dont quite remember the exact date. I said FIRM even today on what I wrote then..... The path will unfold soon.
US30 SHORTUS30 is currently at a daily tf golden zone. wait for a 4hr candle close below 34700.
then we can plan a short trade in us30 targeting support below.
us30 entry in previous post Entered half qty here and full qty after confirmation
(Choch in smaller timeframe)
